Scolari offered £3.2m with Sven facing the sack at City
However, it is not clear if Shinawatra's millions will be enough to tempt Scolari. He is said to be unsure about uprooting his family and has not been too impressed with the treatment of Eriksson by City's owner.
Eriksson is a hugely popular figure with City fans who have been vocal in their support of him, even Noel Gallagher popped up to show his support for Sven on the BBC.
But the protests seem to be in vain as the latest chapter of Manchester City's long history of hara-kiri plays itself out.
Noel Gallagher Talking About Sven Being Sacked